Richmont Mines has produced over 1.5 million ounces of gold in Canada, and currently operates the Island Gold and Beaufor mines. The Corporation is developing a high-grade million ounce Inferred resource below its producing mine in Ontario, thereby laying the foundation to become a lower-cost, long-life gold producer in a mining-friendly and safe jurisdiction. By unlocking the value of this asset, Richmont will be well-positioned to generate greater free cash flow and annual gold production, and to deliver years of high-quality growth. Richmont has over 20 years of gold production experience, a solid financial position, and less than 60 million shares outstanding.